Sending in fake ID for KYC

[lieutkcb]

I have no problem in giving my real ID cards for KYCs. Only people  with multiple accounts are against this. What’s the worst thing that could happen to someone with a very low credit limit? Not getting paid because the ID sent was fake and got charged for falsification of documents.

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[Good Bo]

this is really a lot of pros and cons, because I think KYC is really needed to avoid the multi account, but it is also often misused for fraud etc., therefore I hope for the future there is a solution to solve this problem

i know and people know it
but the question just,
how they make our data safe.
even, the ETH wallet it's easy to hacking by bad people.
well ,
i will skipped some project needing KYC.

Even myself would simply skipped out project with have KYC requirements no matter how good it is. Anonymity or privacy would always concern me and once you comply such documentations to them then you are already risking out your entity. Above on all things that do happen about selling out informations into blackmarket we wont even know that our information is already there and being sold out by other people and use up on other purpose.

This is what i mean. Kyc has killed previous goal of crypto become anonymous. So what we want from this kyc.
Anyway, Kyc is only needed for people who want to invest in big capital to prevent money laundry so for small investor and also bounty hunter is not needed.

[basesaw]

Yes, I dont really know why they needed our private information if the main point of cryptocurrency is anonymity and security. Maybe some of the investors who submitted a fake IDs dont really want to introduce their private information on the company as it may be used to crimes if the ICO comes up to be scam.

[548khen]

Send your real data if you think the project that you are participating in is good. Don't send if the project are thinking is fraud. Always research about the project.

[Profuter]

I have no problem in giving my real ID cards for KYCs. Only people  with multiple accounts are against this. What’s the worst thing that could happen to someone with a very low credit limit? Not getting paid because the ID sent was fake and got charged for falsification of documents.

Do you think that for people who are engaged in multi-accounts will be a problem to find a lot of documents? Of course not. People do not like what their documents require,  as there are a lot of scammers.

[kendedes]

If we are not scammer or spammer, we should no be afraid to send the ID. But, we may feel afraid of the privacy of our ID after on their hand. In this case, actually sending KYC is very normal to do. Many ICOs obligates the investors or bounty participants to require and complete the KYC. We cannot ignore it. So, sending the fake ID for KYC is something unfair.

[TRONTON]

If we are not scammer or spammer, we should no be afraid to send the ID. But, we may feel afraid of the privacy of our ID after on their hand. In this case, actually sending KYC is very normal to do. Many ICOs obligates the investors or bounty participants to require and complete the KYC. We cannot ignore it. So, sending the fake ID for KYC is something unfair.

true, the world of crypto upholds honesty, so if we cheat it slowly we will be eliminated from the competition,
because when no one believes, then we are finished

[HungryTigerGrouchyCrotch]

That is absolutely tragic - I've seen this on Retainly bounty, where you had to only put some photo (as ID photo) into the browser and some people sent there pictures of their plant or cat and the browser took it as ID and they could easily earn RETN tokens.

I liked very much Shivom KYC process - I did it almost 10 times, you had to took the photo of you holding the ID and it had to be readable. Very useful idea.

[staradvincula]

I just can't believe why some people are very casual in doing stupid things. What came in their mind to send fake ID's or any documents while they expecting a real income. They should have just skipped on those project that are requiring for KYC instead of doing it. Actually, I have nothing against with this policy especially in investing. I choose a real and legit project, the system and how the processes goes.

[aenin2764]

You know, the there should be other means to check kyc other than to turn in your legal documents to some anonymous entities. For all you know they data collected could be used in some plot against innocent people in the crypto market.

[notoriousdumper]

For many clients of ICOs believe Know Your Client is inappropriate for their moderate purchase and a  unreasonable liability with no use.

[Soranith]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

Well this is not something new, people loves to break rules specially in the internet since you can easily do some trick and then you'll get what you want. But I do hope that those company that requires KYC will do their job to check if an ID is legit or not, I bet they just look the address and then compared it and then its done.

[Morphing]

I personally do not see the big problem is to provide the correct data. If everyone sends fake information - chaos will begin.

[kuilopp]

My advice is to never send your true ID to a company you know nearly nothing of, they can sell your ID or use it to do illegal actions, so you are up to 2 choices : not taking part in the KYC and so not participating in the project and losing your potential gains or sending a fake ID and having a chance to obtain your money, so send a fake ID, you have nothing to lose and they won't be able to check every participant.

[hoangnhungg555]

This happens when your data has been given out freely by some ICO's who collected your data maybe for some KYC purposes. But also people do get our info and use it as theirs and at the end our info has been submitted

[Jack_Sin]

I still think the purpose of KYC to buy tokens, whether companies that already get tens of thousands of data others will blame use for other purposes, I hope the data provided is not in use

[ngochuyen0071]

this is really a lot of pros and cons, because I think KYC is really needed to avoid the multi account, but it is also often misused for fraud etc., therefore I hope for the future there is a solution to solve this problem

[cchub]

People who sent fake IDs are criminals. This is a known felony in every single country of the world. As far as I know, punishment to that is imprisonment.

[AristoteI]

People who sent fake IDs are criminals. This is a known felony in every single country of the world. As far as I know, punishment to that is imprisonment.

In order to prove this, we will have to do a very great job. I do not think that this is even possible. Therefore, those who do this will most likely remain without punishment.

[(o)(o)ilikeboobs(o)(o)]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

Completely not fair (
KYC was born to control number of participant because they cheated too much, used so much account to cheat, and now they even pass the KYC with the fake ID.
hope my document doesn't come into wrong hand.
or I was too silly to send my real ID?